A Coca-Cola building in Zagreb, Croatia, Nov. 8, 2023.
Denis Lovrovic | AFP | Getty Images
Coca-Cola on Tuesday reported quarterly earnings and revenue that beat analysts’ expectations.
The beverage giant also raised its full-year outlook for organic revenue.
Shares of the company rose less than 1% in premarket trading.
Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:
- Earnings per share: 72 cents adjusted vs. 70 cents expected
- Revenue: $11.30 billion vs. $11.01 billion expected
Coke reported first-quarter net income attributable to the company of $3.18 billion, or 74 cents per share, up from $3.11 billion, or 72 cents per share, a year earlier.
Excluding items, the beverage giant earned 72 cents per share.
Net sales rose 3% to $11.30 billion.
